CWB (formerly the Canadian Wheat Board) has started construction of its first grain-handling facility, west of Portage La Prairie in Bloom.
It is scheduled to be ready for the 2015 grain harvest and will feature industry-leading railcar loading times and 33,900 metric tonnes of storage.
It marks CWB’s first construction of a grain elevator and adds to its asset network that includes Mission Terminal in Thunder Bay, Ont., Les Élévateurs des Trois-Rivières in Quebec, as well as a minority interest in Prairie West Terminal.
Construction of the new elevator has begun off of the Trans-Canada Highway, six kilometres west of the Yellowhead.
CWB president and CEO Ian White, said the location is in an area with a clear need for more grain-handling capacity.
CWB, which is in a transition period from Crown corporation to a privatie body, has a plan that gives farmers who deliver grain to CWB an equity interest in the company after privatization. It is the only opportunity for farmers to gain an ownership stake in a Canadian-focused grain company.